Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (83115)	4/16/2007 3:13:50 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 206328

Poor people can't afford to well insulate the buildings they live in, nor energy efficient cars and appliances, but they are absolutely constrained by their budget when buying food and energy. There are many in California for whom energy prices don't matter, but collectively the price of energy does matter, so demand is price elastic. I had some neighbors in Northern California, the managing partner in a large law firm, who built a new outdoor pool between their new home and the guest house. They really enjoyed swimming in 78 degree water during November and December - until they received their gas bill for $18,200. Even this couple making $800k annually decided to cut-back. They installed an inflatable tent over the pool area to keep in the heat. Its not what they envisioned, but money is money. And that was a number of years ago. Imagine the bill today. .